Overview
National Pension System (NPS) is one of the retirement saving investment product that has started gaining popularity in the recent times. It is regulated by Pension Fund Regulatory and Development Authority (PFRDA) and central government. The scheme encourages the investor to choose a pension fund and invest regularly in this fund during his employment. After retirement a certain percentage of corpus can be withdrawn while the rest of amount is invested in Annuities and received in regular pensions.
